Kazakhstan’s Almaty city attracts Ritz-Carlton

Ritz-Carlton’s first hotel in Kazakhstan to be opend in late 2013   Kazakhstan’s Almaty city, former capital of Kazakhstan, the nation’s largest city and an important business centre in the CIS region, will have own Ritz-Carlton Hotel slated to open in late 2013. The Ritz-Carlton, Almaty will be owned by a subsidiary of Capital Partners … Read more

Zero Energy America – a benchmark of sustainable “green” building

Zero Energy America: The “net-zero energy” concept brought to life ZERO Energy America (ZEA) is a project aiming to construct four homes with net zero grid energy. The homes were constructed using the latest in green and energy-efficient products. The just-completed first phase of the Zero Energy America project in Tampa Bay is considered a benchmark of environmental stewardship … Read more

Luxury hospitality: $200 million to restore some of the most celebrated hotels in Europe

$200 million to restore Gritti Palace Venice and Prince de Galles Paris   $200 million will be invested by The Luxury Collection Hotels & Resorts, in the renovation and reconstruction of some of the most celebrated hotels in Europe.The brand is already off to a strong start with the reopening of two iconic hotels in … Read more

Which regions are most attractive to investors? Colliers’ 2013 Sentiment survey

How will the world’s leading property investors manage their portfolios in the coming year? Colliers’ 2013 Sentiment survey reports a positive global investor sentiment The most desirable region for heightened global investment in real estate in the coming year will be the United States, followed by Asia and Western Europe, in particular London, Paris and … Read more

Mall of the World: Dubai to fund world’s biggest mall and new mega projects

After the recent announcement that Dubai plans to build an US$2.7bn complex of five theme parks, Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, unveiled plans to build “Mall of the World” – world’s biggest mall. The “new city within Dubai” will be named Mohammed Bin Rashid City after the ruler of the Gulf desert … Read more

Hong Kong’s Causeway Bay, Fifth Avenue and Avenue des Champs-Elysees top shop rent list

Luxury retailing continues to fuel trading and rental growth across prime pitches Hong Kong’s Causeway Bay top shop rent list Despite a backdrop of a slower global economy and continued uncertainty – notably surrounding the euro zone – global prime retail markets have proved generally resilient over the year to June, with rental growth driven … Read more